Webs Creek Capital Management LP Makes New $46.96 Billion Investment in Antero Resources Corporation $AR

Webs Creek Capital Management LP bought a new position in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,336,461 shares of the oil and natural gas company’s stock, valued at approximately $46,963,240,000. Antero Resources comprises approximately 8.9% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 5th biggest holding.

A number of other large investors have also recently made changes to their positions in AR. BlackRock Inc. bought a new stake in Antero Resources during the 2nd quarter valued at about $966,982,000. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after acquiring an additional 1,153,422 shares during the period. State Street Corp raised its stake in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after acquiring an additional 116,461 shares in the last quarter. Sourcerock Group LLC raised its stake in shares of Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after purchasing an additional 761,842 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings upgraded Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. The Goldman Sachs Group lowered their target price on Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Roth Capital reissued a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a research report on Thursday, April 30th. Wells Fargo & Company raised their price target on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Benchmark lifted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Antero Resources Trading Down 0.1%

NYSE AR opened at $37.89 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.65 billion, a PE ratio of 10.89 and a beta of 0.34. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $36.76. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.